Cornerstone School
- Assets
- $2.7m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 43
- Location
- Stratham, NH
- Founding
- 09/1986
- Data as of
- 06/2023
- EIN
- 22-2730159
Organization Overview
Cornerstone School is located in Stratham, NH. The organization was established in 1986. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Cornerstone School employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Cornerstone School generated $2.3m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $2.4m during the year ending 06/2023. While expenses have increased by 3.2% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MONTESSORI EDUCATION TO CHILDREN AGES 15 MONTHS TO 14 YEARS OLD
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MONTESSORI EDUCATION TO CHILDREN AGES 15 MONTHS TO 14 YEARS OLD
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Riley Director | Trustee | 2 | $0 |
Selvi Lampman Vice President | OfficerTrustee | 2 | $0 |
Josh Henly Treasurer | OfficerTrustee | 2 | $0 |
Robert Pruyne Secretary | OfficerTrustee | 2 | $0 |
Julie Kukenberger Director | Trustee | 2 | $0 |
Michael Rainboth Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,727 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,727 |
| Total Program Service Revenue | $2,223,105 |
| Investment income | $22,054 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$256 |
| Net Income from Fundraising Events | $1,157 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,273,787 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $44,206 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $111,576 |
| Compensation of current officers, directors, key employees. | $16,513 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,578,984 |
| Pension plan accruals and contributions | $33,181 |
| Other employee benefits | $62,212 |
| Payroll taxes | $123,409 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,923 |
| Fees for services: Accounting | $25,217 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,740 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,788 |
| Office expenses | $26,251 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $153,102 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,129 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $164,447 |
| Insurance | $32,498 |
| All other expenses | $920 |
| Total functional expenses | $2,444,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,146 |
| Savings and temporary cash investments | $281,195 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $254 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,597 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,890,331 |
| Investments—publicly traded securities | $491,048 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,682,571 |
| Accounts payable and accrued expenses | $100,508 |
| Grants payable | $0 |
| Deferred revenue | $345,211 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $25,000 |
| Other liabilities | $0 |
| Total liabilities | $470,719 |
| Net assets without donor restrictions | $2,211,852 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,682,571 |